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DJ BWA Group PLC Cameroon Exploration Licence

 
TIDMBWAP 
 
18 March 2020 
 
                                 BWA GROUP PLC 
 
                           ("BWA" or the "Company") 
 
                         Cameroon Exploration Licence 
 
BWA Group plc, (BWA),the AQSE Growth Market traded investment company with 
interests primarily in the mining sector, is pleased to announce that its 
wholly-owned subsidiary, BWA Resources Cameroon Limited, has been awarded 
Permit No. 636, an exploration licence covering 132 sq km of Central Cameroon 
in an area known as Dehane, for researching the viability of commercial 
exploitation of rutile sands and other minerals including gold, kyanite, 
ilmenite, and other related minerals . The permit is for three years and there 
is an indicated financial commitment of GBP275,000 in year 1 to be followed by GBP 
207,000 in each of years 2 and 3 at current exchange rates. 
 
BWA is delighted that its perseverance in negotiating for licences in Cameroon 
has resulted in the award of a second research licence to add to the licence 
already awarded at Nkoteng. 
 
Preliminary work has started at Nkoteng using local geologists under remote 
direction from the UK and initial work will start at Dehane, also using local 
resources.  It is believed the methods established will largely reduce any 
adverse effects from the present near universal travel restrictions. 
 
Dehane is some 130 miles North West of the capital, Yaoundé, and 70 miles South 
East of the port of Douala. 
 
For further information please contact: 
 
BWA Group plc                                                 07836 238 172 
Richard Battersby (Non-Executive 
Chairman) 
 
Peterhouse Capital Limited                                    020 7469 0930 
Mark Anwyl 
Allie Feuerlein 
 
Market Abuse Regulation (MAR) Disclosure 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulation 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 18, 2020 10:49 ET (14:49 GMT)